Westlake Chemical Partners LP acquires, develops, and operates ethylene production facilities and related assets in the United States. It's ethylene production facilities which primarily convert ethane into ethylene. The company also sells ethylene co-products, such as propylene, crude butadiene, pyrolysis gasoline, and hydrogen directly to third parties on either a spot or contract basis. It serves as the general partner of the company. Westlake Chemical Partners LP was founded in 1991 and is headquartered in Houston, Texas.
Research context
Westlake Chemical Partners LP appears in PyInvesting’s US Stock catalogue. The price history above describes this recorded instrument; it does not by itself identify a company’s business or establish a continuous investment return.
- Currency
- USD
- Sector
- Basic Materials
- Industry
- Chemicals
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5 years, 6 months ago
Westlake Chemical Partners LP is currently in a long term uptrend where the price is trading 14.9% above its 200 day moving average.
From a valuation standpoint, the stock is 90.8% cheaper than other stocks from the Basic Materials sector with a price to sales ratio of 0.9.
Westlake Chemical Partners LP's total revenue sank by 10.0% to $246M since the same quarter in the previous year.
Its net income has dropped by 13.5% to $15M since the same quarter in the previous year.
Finally, its free cash flow fell by 75.8% to $25M since the same quarter in the previous year.
Based on the above factors, Westlake Chemical Partners LP gets an overall score of 2/5.